Opinion First Thing: Trump says he is firing Fed governor Lisa Cook in escalating attack on bank’s independence

[Islam Imamate]

So, do you think Cook should be held accountable or no?

If she's actually guilty then sure but as of now there isn't really any good reason to think she is. I addressed why earlier but in sum if you look at the interest rates she got on those properties they were higher than the average interest rate for primary residences. Further one was in Georgia, where she's from, and the other in Michigan, where she worked, so in all likelihood she got two mortgages for properties in her home state and in her place of work and as far as I know there's no evidence she rented either of these residences out.

 

[sickc0d3r]

Because you can be convicted of a crime within couple of days? Let's pretend you actually care. We know you don't, but just pretend. You tell me if you think she committed mortgage fraud. Set your TDS ramblings aside for a minute.

I absolutely do care, dipshit. If she or anyone commits a crime, I want them handled. That's the difference between you and I, and all of the other dipshit Trump fans. I actually care about law and order, the constitution, America, not publicly acting retarded on a forum... all the stuff you apparently don't care about.
And I have no idea if she committed fraud, she's not charged with anything. I'm not reading some other Trump fan dipshit's opinion on twitter, lol.

 

[Confucamus]

I absolutely do care, dipshit. If she or anyone commits a crime, I want them handled. That's the difference between me and you, and all of the other dipshit Trump fans. I actually care about law and order, the constitution, America, not publicly acting retarded on a forum... all the stuff you apparently don't care about.
And I have no idea if she committed fraud, she's not charged with anything. I'm not reading some other Trump fan dipshit's opinion on twitter, lol.

You've just got to be patient. It's easy for you to lash out personally to distract from your own ignorance. You've made quite a reputation for that on here. We all know people who commit crimes should be charged. That doesn't answer what I put to you. Do you think she committed fraud? You may actually have to read up on it to make an informed opinion. Very unlikely, I know, considering it's you I'm asking. But I'm open to being surprised. Try it out, just this once.

 

[sickc0d3r]

You've just got to be patient. It's easy for you to lash out personally to distract from your own ignorance. You've made quite a reputation for that on here. We all know people who commit crimes should be charged. That doesn't answer what I put to you. Do you think she committed fraud? You may actually have to read up on it to make an informed opinion. Very unlikely, I know, considering it's you I'm asking. But I'm open to being surprised. Try it out, just this once.

I don't see any reason to believe she committed a crime at this point, no. More importantly, the POTUS shouldn't be stepping in and firing her for that stated reason without any evidence. Further, we all know, including you, he's only doing this because she won't do what he wants her to do, as if he has a clue what's best for the economy and isn't just making a political move. Why don't you "try it just once", and stop playing dumb.

 

[LangfordBarrow]

Is that 1st sentence a joke?

 

[Rod1]

So, do you think Cook should be held accountable or no?

Yes, by a court of law, not by God-Emperor Trump.

 

[Rod1]

You've just got to be patient. It's easy for you to lash out personally to distract from your own ignorance. You've made quite a reputation for that on here. We all know people who commit crimes should be charged. That doesn't answer what I put to you. Do you think she committed fraud? You may actually have to read up on it to make an informed opinion. Very unlikely, I know, considering it's you I'm asking. But I'm open to being surprised. Try it out, just this once.

Nobody knows if she committed fraud, that's what trials are for.

The issue here isn't the investigation, its the firing.

 

[cottagecheesefan]

If she's actually guilty then sure but as of now there isn't really any good reason to think she is. I addressed why earlier but in sum if you look at the interest rates she got on those properties they were higher than the average interest rate for primary residences. Further one was in Georgia, where she's from, and the other in Michigan, where she worked, so in all likelihood she got two mortgages for properties in her home state and in her place of work and as far as I know there's no evidence she rented either of these residences out.

That illegal tho and fraud

Google AI, can you have two primary residences

No, you can only have one primary residence at a time, for both federal tax and mortgage purposes
. While a person may own and live in more than one home, the Internal Revenue Service (IRS) will only recognize one as the main or principal residence.
How the IRS determines your primary residence
If you live in more than one home during the year, the IRS uses a "facts and circumstances" test to determine which one is your main home. The most important factor is where you spend the majority of your time. Other factors considered by the IRS include:

• The address listed on your tax returns, driver's license, and voter registration
• Where you receive mail
• The location of your bank and social ties, such as your place of worship, social clubs, or professional associations
• The location of your vehicles' registration
• The proximity of your home to your work and family members' homes

Why it's important to only have one primary residence
Identifying a single primary residence is crucial because it affects eligibility for key financial benefits. Misrepresenting which property is your main home can be considered fraud.
Capital gains tax exclusion
If you sell your primary residence, you may be able to exclude a significant amount of the profit from your taxes. To qualify, you must have both owned and used the property as your main home for at least two of the five years before the sale. The exclusion is up to $250,000 for single filers and $500,000 for those married and filing jointly. This exclusion is not available for a second home.
Mortgage terms and interest
You can't have two primary residence mortgages at the same time, except for very limited situations, such as relocating for a new job. Mortgages for primary residences typically have lower interest rates and stricter rules than those for second homes, which are seen as higher risk.
State taxes and domicile
For state tax purposes, the concept of a primary residence is tied to your domicile, which is your permanent, legal home. You can only have one domicile at a time. If you live in multiple states, officials will look at a range of factors to determine where your "true" home is. States with higher taxes, like California, are known to aggressively audit individuals to determine their official state of residence.

 

[cottagecheesefan]

So, do you think Cook should be held accountable or no?

I like how he completely ignored the law in response to you, “she clearly lived in both places, so that settles that”

I did just post the google AI analysis of that argument, and it makes perfect sense. One reason it is illegal is what if she all of a sudden loses that job she got and just bought a new house for.

Obviously you then don’t need a house there and you may then default on that loan because not only do you not live there anymore, but you cannot make the payment.

That leads to a housing loan crisis that Obama bailed out in 2008, no surprise Obama has ties to her.

But that is also why that if any regular citizen was caught doing that they get charged.
And obviously she is a political person. Kamala had to break the tie on her appointment lol

On January 14, 2022, Joe Biden nominated Cook to serve as Federal Reserve governor;<a href="https://en.m.wikipedia.org/wiki/Lisa_Cook#cite_note-7"><span>[</span>7<span>]</span></a>she was confirmed by the U.S. Senate on May 10 after a 50–50 vote was broken by a tie breaker vote by Kamala Harris, and took office on May 23, 2022.<a href="https://en.m.wikipedia.org/wiki/Lisa_Cook#cite_note-8"><span>[</span>8</a>

Just look at the eyes. The eyes never lie. Glazed over dolls eyes, just happy to be appointed to some high position and first thing they do is commit fraud and flaunt their power. Psychopath

 

[cottagecheesefan]

@Confucamus and @Islam Imamate are you all getting a load of this?

Apparently around the same time she bought a third property second home, so she obviously knows the different between filing a primary vs secondary….

..but in an ethics filing for fed governor, said it is an investment/rental property.

That is even more mortgage fraud that she has not addressed.

Imagine having the gall to refuse being fired for obvious fraud, simply because as the lawsuit argues, she is the first black woman or whatever.

 

[Confucamus]

I don't see any reason to believe she committed a crime at this point, no. More importantly, the POTUS shouldn't be stepping in and firing her for that stated reason without any evidence. Further, we all know, including you, he's only doing this because she won't do what he wants her to do, as if he has a clue what's best for the economy and isn't just making a political move. Why don't you "try it just once", and stop playing dumb.

There is evidence. It was presented to you. You're dismissing it because you lack the ability to think past your partisan mindset. Try to be more than just some anti-Republican minion and think for yourself. All mod a sudden you don't think someone did something wrong unless they've been charged and convicted? Interesting, since you don't show that restraint anywhere else. What does that say about you?

Nobody knows if she committed fraud, that's what trials are for.

The issue here isn't the investigation, its the firing.

That's YOUR issue, not THE issue. It's well within Trump's power to fire her.

 

[Confucamus]

Yes, by a court of law, not by God-Emperor Trump.

He's not God-Emporer, despite what Reddit tells you to think. A President exercising his Presidential authority. Omg the horror! What is it you guys used to spam non-stop? "Elections have consequences" right? Show us how consistent you are on this.

 

[Islam Imamate]

That illegal tho and fraud

Google AI, can you have two primary residences

No, you can only have one primary residence at a time, for both federal tax and mortgage purposes
. While a person may own and live in more than one home, the Internal Revenue Service (IRS) will only recognize one as the main or principal residence.
How the IRS determines your primary residence
If you live in more than one home during the year, the IRS uses a "facts and circumstances" test to determine which one is your main home. The most important factor is where you spend the majority of your time. Other factors considered by the IRS include:

• The address listed on your tax returns, driver's license, and voter registration
• Where you receive mail
• The location of your bank and social ties, such as your place of worship, social clubs, or professional associations
• The location of your vehicles' registration
• The proximity of your home to your work and family members' homes

Why it's important to only have one primary residence
Identifying a single primary residence is crucial because it affects eligibility for key financial benefits. Misrepresenting which property is your main home can be considered fraud.
Capital gains tax exclusion
If you sell your primary residence, you may be able to exclude a significant amount of the profit from your taxes. To qualify, you must have both owned and used the property as your main home for at least two of the five years before the sale. The exclusion is up to $250,000 for single filers and $500,000 for those married and filing jointly. This exclusion is not available for a second home.
Mortgage terms and interest
You can't have two primary residence mortgages at the same time, except for very limited situations, such as relocating for a new job. Mortgages for primary residences typically have lower interest rates and stricter rules than those for second homes, which are seen as higher risk.
State taxes and domicile
For state tax purposes, the concept of a primary residence is tied to your domicile, which is your permanent, legal home. You can only have one domicile at a time. If you live in multiple states, officials will look at a range of factors to determine where your "true" home is. States with higher taxes, like California, are known to aggressively audit individuals to determine their official state of residence.

cottage cheese for brains becoming an AI bot, how mind numbingly predictable.

 

[jefferz]

lol... Democrat Policy 101

Just spend more...

Harris to propose up to $25K in down-payment support for 1st-time homebuyers

It's part of her economic agenda she will unveil Friday, her campaign says.

abcnews.go.com

You know... A policy created by retards who have zero understanding how the economy works or inflation

Who gives a fuck about the debt? Right? Balancing the budget? That's for the plebeians in the private sector...

Future bond collapse? That's for some other future jackasses to worry about when we're dead... Hopefully we'll be dead. Don't worry that the US Credit was recently downgraded

(FYI - California's credit rating is AA-... lol)


Future generations are going to curse all of us worse than how Millennials curse Boomers now...

Whatever... Just be like a Union Worker

Not my job, not my problem

It’s amusing that you’re saying Democrats don’t care about debt when Donny added $8 trillion to the debt his last term. Compare that to Obama with $9.6 trillion over 8 years.

And this time, the big beautiful bill will cost us $4 trillion dollars.
Donny has already broke Obama’s record, and he’s got 3 more years to go.

But sure, keep blaming the Democrats.

 

[Darkballs]

He's not God-Emporer, despite what Reddit tells you to think. A President exercising his Presidential authority. Omg the horror!

The argument, you absolute muppet, is that without a trial there is no "cause" within the meaning of the statute. If this is all it takes, you can just declare any government official is under investigation and then fire them with nothing more. That's stupid.

And how stupid of you to drone on about just wanting law and order when you're pulling double duty as we speak defending Ghislaine getting her sentenced reduced.

 

[jk7707]

He's not God-Emporer, despite what Reddit tells you to think. A President exercising his Presidential authority. Omg the horror! What is it you guys used to spam non-stop? "Elections have consequences" right? Show us how consistent you are on this.

If this was an obvious example of his "Presidential authority" it wouldn't be heading to federal court.

 

[Rod1]

It's well within Trump's power to fire her.

No, its not

 

[Confucamus]

If this was an obvious example of his "Presidential authority" it wouldn't be heading to federal court.

This is just another story you will run away from when it doesn't go your way.

No, its not

Tell us why.

 

[Rod1]

Tell us why.

Because the law establishes so.

Do you guys really look up to Turkey or Argentina or just simply love Trump so much that will go along with any retarded stuff that crosses his mind?

 

[Osculater]

Because the law establishes so.

Do you guys really look up to Turkey or Argentina or just simply love Trump so much that will go along with any retarded stuff that crosses his mind?

Daddy Trump can't do no wrong, bro!